How does outsourced bookkeeping work?

How does outsourced bookkeeping work?

Depending on whether you choose outsourced bookkeeping to an independent professional bookkeeper, a human-only service, or a hybrid bookkeeping service, the process may look a little different. When you work with a business like iKeep, here’s how the process of virtual bookkeeping services works:

  • Step 1: If your business is not yet operating on cloud-based accounting software, then the first step will be to setup your new platform. In most instances, this will mean the creation of a new Xero file, but sometimes it’s appropriate to use MYOB or QBO. Every software setup we do includes a minimum 1-hour Zoom call to ensure you are familiar with it’s basic functionality.
  • Step 2: Your dedicated account manager will work with you to setup integrations and connect all the financial accounts and software your business already uses. From there, the process is reliable and automatic, pulling your financial data from all sources an into Xero, MYOB or QBO.
  • Step 3: Our bookkeepers work together with software to record, categorise, and reconcile transactions. Meanwhile, you don’t have to think or worry about your books.
  • Step 4: At the end of each month, we send over your clean and accurate financial statements.

With our Business bookkeeping your dedicated account manager is always available to support you and answer any questions you have have, whether it’s about your monthly financial statements or anything else along the way.

Accurate and up to date financial records are a must have for every business – but managing them doesn’t have to eat up your valuable time and patience. If bookkeeping is taking up time you could be spending on growing your business, it’s worth the investment to move the back office off your plate.

That way, you can be confident in the accuracy of your books and get back to doing what you do best.
if you want to know more about how much does it cost to outsource payroll or how to outsource bookkeeping. Check out our blog on outsource bookkeeping services. 

At iKeep, we have a team of expert bookkeepers, certified in Xero, MYOB and QBO. Let us take the bookkeeping burden off your plate.



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